Funding arb · Price arb /

XAUT

all XAUT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.080%

Price spread now: Gate against BloFin−0.032%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.560%−$56 on $10k

Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.032%, 7d avg +0.032%

Together, before fees−0.527%−$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Gate is 0.064% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XAUT-USDT	4,360.8	0.0340	pay 0.0170% / 4h	3h 40m	$2.3M	$1.7M	75x
Short	Gate XAUT_USDT	4,359.4	0	get 0.0000% / 8h	7h 40m	$131.3M	$8.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee GatebpOrdersPrice spread, now −0.032%Rate

Funding earned: −$71.4
Price spread: −0.032% → +0.032%: −$6.4
Slippage, 4 orders: −$2.54
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$107.34
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Gate: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 2 min ago	0.12 bp	6.1 bp −$6	7.2 bp −$72	12.7 bp −$1,274	doesn't fit
Sell Gate live order book, 3 min ago	0.12 bp	8.8 bp −$9	11.3 bp −$113	20.4 bp −$2,040	49.7 bp −$24.8K

XAUT on 20 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps XAUTUSD	−0.0175%	1h	4,365.3	+0.104%	$56K	$31K	20x	as long as short
Bitget XAUTUSDT	−0.0060%	4h	4,358.7	−0.048%	$26.0M	$15.3M	75x	as long as short
Gate XAUT_USDTshort	0.0000%	8h	4,359.4	−0.032%	$131.3M	$8.1M	100x
Injective XAUT/USDC PERP	+0.0033%	1h	4,349.8	−0.252%	$8K	$149K	30x	as long as short
SoDEX XAUT-USD	+0.0050%	1h	4,359.7	−0.025%	$10.2M	$2.0M	25x	as long as short
Variational Omni XAUT	+0.0097%	4h	4,360.2	−0.014%	$33.3M	$3.4M	—	as long as short
Nado XAUT-PERP	+0.0100%	1h	4,360.1	−0.015%	$4.2M	$1.0M	10x	as long as short
Binance XAUTUSDT	+0.0100%	4h	4,358.2	−0.059%	$35.5M	$46.9M	75x	as long as short
Bybit XAUTUSDT	+0.0100%	4h	4,357.9	−0.067%	$120.9M	$27.8M	75x	as long as short
MEXC XAUT_USDT	+0.0100%	4h	4,358.1	−0.062%	$337.7M	$279.9M	1000x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XAUTUSDTM	+0.0100%	4h	4,360.2	−0.013%	$11.4M	$2.9M	75x	as long as short
BingX XAUT-USDT	+0.0100%	4h	4,359.2	−0.036%	—	$18.0M	—	as long as short
GRVT XAUT_USDT_Perp	+0.0100%	4h	4,363.6	+0.064%	$1K	$115K	10x	as long as short
Orderly PERP_XAUT_USDC_mythos	+0.0100%	4h	4,359.9	−0.021%	$268	$17K	10x	as long as short
Derive XAUT-PERP	+0.0100%	1h	4,360.9	+0.003%	$1.9M	$240K	10x	as long as short
SunX XAUT-USDT	+0.0100%	4h	4,364.1	+0.076%	$2K	$3.7M	20x	as long as short
HTX XAUT-USDT	+0.0100%	4h	4,362.9	+0.048%	$1.9M	$230K	75x	as long as short
Extended XAUT-USD	+0.0104%	1h	4,357.2	−0.083%	$274K	$231K	25x	as long as short
Kraken Futures PF_XAUTUSD	+0.0118%	1h	4,361.2	+0.009%	$5.3M	$4.0M	50x	as long as short
BloFin XAUT-USDTlong	+0.0340%	4h	4,360.8	long leg	$2.3M	$1.7M	75x